Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....

DFI, which entered the Malaysia market 24 years ago, has decided to sell all of its food businesses to Macrovalue Sdn Bhd. What does it entail? DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd. It operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant...

Alipay+ has strengthened its partnership with Asia’s largest food delivery platform, Foodpanda, to Malaysia.  Convenient payment for quick commerce TNG Digital was founded by Touch n Go and Ant Group, parent company of Alipay, China's largest digital payments platform. Foodpanda's partnership with Alipay+ and TNG Digital will enable the use of Touch n Go on their platform. This will be a sy...